Pitney Bowes (NYSE:PBI) Shareholders Are Still up 84% Over 1 Year Despite Pulling Back 4.7% in the Past Week
Pitney Bowes (NYSE:PBI) Shareholders Are Still up 84% Over 1 Year Despite Pulling Back 4.7% in the Past Week
If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right individual stocks, you could make more than that. For example, the Pitney Bowes Inc. (NYSE:PBI) share price is up 75% in the last 1 year, clearly besting the market return of around 20% (not including dividends). That's a solid performance by our standards! On the other hand, longer term shareholders have had a tougher run, with the stock falling 19% in three years.
如果你想在股票市场上复利增长财富,可以通过购买指数基金来实现。但是如果你选择正确的个股,你可能会赚更多。例如,Pitney Bowes Inc.(NYSE:PBI)股价在过去1年中上涨了75%,显然超过了市场回报率约20%(不包括股息)。这是我们的一个稳健表现! 另一方面,长期股东在过去3年中表现较差,股票下跌了19%。
Since the long term performance has been good but there's been a recent pullback of 4.7%, let's check if the fundamentals match the share price.
由于长期表现良好,但最近出现了4.7%的回撤,让我们来检查一下基本面是否与股价相符。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
沃伦·巴菲特在他的论文《格雷厄姆-道德斯维尔的超级投资者》中描述了股票价格并不总是合理地反映企业的价值。通过比较每股收益(EPS)和股价随时间变化的变化,我们可以了解到投资者对某家公司的态度如何随时间而变化。
Over the last twelve months Pitney Bowes went from profitable to unprofitable. While this may prove temporary, we'd consider it a negative, so we would not have expected to see the share price up. It may be that the company has done well on other metrics.
在过去的12个月中,Pitney Bowes的盈利变成了亏损。虽然这可能是暂时的,但我们认为这是一个负面因素,所以我们意料之外地看到了股价上涨。公司在其他指标上表现良好可能是原因之一。
Pitney Bowes' revenue actually dropped 5.3% over last year. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.
Pitney Bowes的营业收入实际上去年下降了5.3%。因此,单看一些关键业务指标无法真正反映股票市场为何竞拍此股票。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240724/0-b530bce3db1914a2220a4bad15de8c39-0-81cc465a777c2b2a33070829ef174d68.png/big)
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
你可以在这个免费的互动图表中看到它的资产负债表如何随着时间的推移而加强(或削弱)。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Pitney Bowes' TSR for the last 1 year was 84%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股票价格回报外,投资者还应考虑股东总回报(TSR)。股票价格回报仅反映了股票价格的变化,TSR包括股息价值(假设它们被再投资)以及任何折扣资本募集或分拆的利益。可以说,TSR为支付股息的股票提供了更完整的视角。恰巧,Pitney Bowes在过去1年的TSR为84%,超过了前面提到的股票价格回报。这主要归功于其股息付款!
A Different Perspective
不同的观点
It's good to see that Pitney Bowes has rewarded shareholders with a total shareholder return of 84% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Pitney Bowes (at least 2 which are potentially serious) , and understanding them should be part of your investment process.
很高兴看到Pitney Bowes在过去12个月中以总股东回报率84%的回报奖励了股东。当然,其中包括股息。由于一年的TSR优于五年的TSR(后者为每年16%),因此似乎该股票的表现近来有所改善。鉴于股票的势头仍然强劲,可能值得更加关注该股票,以免错失机会。虽然考虑市场条件对股票价格的不同影响是非常重要的, 但是还有其他更重要的因素。例如,投资风险的永恒魅影。我们已经鉴别出Pitney Bowes的3个警示标志(至少有2个是潜在的严重问题),了解它们应该成为你的投资过程的一部分。
Of course Pitney Bowes may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,Pitney Bowes可能不是最好的股票选择。因此,您可能希望查看这些免费的成长股票。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。